TechFlow news — On December 9, according to the Financial Times, the government of El Salvador is expected to reach a $1.3 billion loan agreement with the International Monetary Fund (IMF) within the next two to three weeks. As a condition, the country will drop its mandate requiring businesses to accept bitcoin payments. In addition, the government has pledged to reduce its budget deficit by 3.5 percentage points and increase its foreign exchange reserves to $15 billion.
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